Report Update Nov 1, 2024

Nigeria - Mobile Lifting Frames on Tyres and Straddle Carriers - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Nigeria

The Nigerien mobile lifting frame market surged to $X in 2021, increasing by 110% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a resilient expansion. Mobile lifting frame consumption peaked in 2021 and is likely to see steady growth in years to come.

Mobile Lifting Frame Exports

Exports from Nigeria

In 2021, shipments abroad of mobile lifting frames on tyres and straddle carriers decreased by -12% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports faced a significant decline. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, mobile lifting frame exports declined to $X in 2021. Overall, exports showed a dramatic decrease. The growth pace was the most rapid in 2019 with an increase of 99%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X units) was the main destination for mobile lifting frame exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ghana stood at -19.5%.

In value terms, Ghana ($X) also remains the key foreign market for mobile lifting frames on tyres and straddle carriers exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at -22.1%.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, remaining stable against the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 45%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to -3.3% per year.

Mobile Lifting Frame Imports

Imports into Nigeria

For the fourth consecutive year, Nigeria recorded growth in overseas purchases of mobile lifting frames on tyres and straddle carriers, which increased by 95% to X units in 2021. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 372% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, mobile lifting frame imports surged to $X in 2021. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of 235%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mobile lifting frame to Nigeria, accounting for a 64% share of total imports. Moreover, mobile lifting frame imports from China exceeded the figures recorded by the second-largest supplier, Tanzania (X units), fivefold. Finland (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +77.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+55.5% per year) and Finland (+1.0% per year).

In value terms, China ($X) constituted the largest supplier of mobile lifting frames on tyres and straddle carriers to Nigeria, comprising 45% of total imports. The second position in the ranking was taken by Finland ($X), with a 13% share of total imports. It was followed by Tanzania, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +99.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.9% per year) and Tanzania (+55.9% per year).

Import Prices by Country

The average mobile lifting frame import price stood at $X per unit in 2021, picking up by 29% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mobile lifting frames on tyres and straddle carriers in the world?

The countries with the highest volumes of mobile lifting frame consumption in 2021 were Germany, Finland and Poland, with a combined 36% share of global consumption. These countries were followed by Italy, Sweden, Belgium, Indonesia, Nigeria, Bolivia, Lithuania, Japan, the United Arab Emirates and Ecuador, which together accounted for a further 35%.

What are the largest producers of mobile lifting frames on tyres and straddle carriers in the world?

The countries with the highest volumes of mobile lifting frame production in 2021 were Poland, Germany and Finland, together accounting for 63% of global production. These countries were followed by Japan, Italy, Bolivia and China, which together accounted for a further 23%.

What are the leading suppliers of mobile lifting frames on tyres and straddle carriers to Nigeria?

In value terms, Germany, Tanzania and China appeared to be the largest mobile lifting frame suppliers to Nigeria, together accounting for 80% of total imports.

What are the leading importers of mobile lifting frames on tyres and straddle carriers from Nigeria?

In value terms, Ghana remains the key foreign market for mobile lifting frame exports from Nigeria.

What is the average export price for mobile lifting frames on tyres and straddle carriers in Nigeria?

The average mobile lifting frame export price stood at $810 per unit in 2021, reducing by -33.5% against the previous year.

What is the average import price for mobile lifting frames on tyres and straddle carriers in Nigeria?

In 2021, the average mobile lifting frame import price amounted to $2,300 per unit, rising by 64% against the previous year.

This report provides an in-depth analysis of the mobile lifting frame market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023